Overview
MCC 6051 covers non-bank foreign exchange bureaux, money order providers, and travellers cheque issuers. These merchants operate in airports, high streets, and tourist areas providing currency conversion and payment instrument services outside of traditional banking channels.
Transaction Profile
Low to mid value, moderate frequency, mixed card-present and CNP, cross-border common, currency conversion fees
Card Network Notes
Visa and Mastercard classify this as a restricted MCC requiring explicit acquirer approval. Enhanced monitoring and reporting obligations apply. Some issuers may decline transactions by default.
Risk & Compliance
Risk is high. This MCC is associated with elevated money laundering and terrorist financing risk. Regulatory requirements include AML/KYC compliance, transaction monitoring, and suspicious activity reporting. Card networks require enhanced due diligence from acquirers onboarding merchants in this category.